737 N. Wabash Ave., Lakeland, FL
Shopping Center for Sale - $659,000 - 14,040 Sq. Ft. on 1.15 acres

Property Info
| CIMLS# | 124721 |
| Location 737 N. Wabash Ave. Lakeland FL 33815 | |
| Updated | September 20th, 2012 |
| Type | Shopping Center |
| Price | $659,000 |
| Building | 14,040 Sq. Ft. |
| Land | 1.15 acres |
Property Description
This strip center is located on busy N. Wabash Ave. in NW Lakeland. It is currently 87% occupied and has parking for 37 vehicles.
Please do not approach any of the tenants or their employees.
Financials
Based upon the current net income, this strip center shows a 9.2% cap rate and a 7.2% equity return based upon the following criteria: purchase price of $659,000.00; 15/5 note; 6.25% interest rate on a loan amount of $395,400.00 with a 40% ($263,600.00) down payment.
All figures are based upon information supplied by the owner. It is the responsibility of all prospective buyers to conduct their own due diligence and verification of these statements with their own independent team of consultants.
